Rate of Interest: :16.5% (Reducing Interest)
The sanction limit is Rs.50, 000/- to Rs.2, 00,000/-
Documents required for Monsoon Personal Loan:
- Passport size photo.
- Identity Proof:
- Latest 2 months salary statement of surety with 6 months bank statement
- 2 Surety – (SB a/c, membership with Mahalakshmi Co-Operative Bank, and one of the sureties must be a salaried person)
- LIC Assignment (Statement of Surrender value)
- One of the sureties must be an existing member of the bank
- Driving License
- Voter ID
- Pan Card
- Ration Card
- Pigmy account opening is mandatory for the borrower
- Should recommend and give information about Vidya Siri account facilities to their family and relatives
NOTE: All the personal loan conditions will be applicable